INVESTEC GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1925/002833/06)
("Investec")
ABACUS TECHNOLOGY HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1991/004163/06)
("Abacus")
RESULTS OF THE OFFER
Investec Bank Limited is authorised to announce that in terms of the offer
by Investec to Abacus shareholders, shareholders owning 41 535 280 Abacus
shares accepted the cash offer of 10 cents per Abacus share and shareholders
owning 716 229 Abacus shares accepted the share alternative of 0,0392 of an
Investec share for every 100 Abacus shares held.
As a result, Investec's holding in Abacus has increased from 54,9% to
approximately 67,7%.
Only one director of Abacus, namely H R Levin, accepted the cash offer in
respect of his shareholding in Abacus.
Johannesburg
26 June 2001
Merchant bank
Investec Corporate Finance
Investec Bank Limited
(Registration number 1969/004763/06)
Corporate adviser to Abacus
Global Capital (Pty) Limited
(Incorporated in the Republic of South Africa)
(Registration number 1998/022057/07)
Sponsor to Abacus
Investec Securities Limited
Member of the JSE
Registration No. 1972/008905/06
Reporting accountants and independent adviser to Abacus
JH Smilg & Company
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